MUI formed Pan Malaysia Ventures (PMV) last year and has invested up to $200,000 each in six startups.

David Fernando Audy, Mulyono Xu and Pascal Christian-Sarana are joining the team of the Yahoo Japan and Sinar Mas-backed venture firm.

Artificial intelligence processor developer Horizon Robotics added $400m in series C2 funding to the $150m it raised last month.

Fabrics trading platform developer Baibu has closed a series C-plus round led by GLP subsidiary Hidden Capital and has now raised $540m inside three years.

SoftBank and JD.com-backed data analytics platform developer TalkingData's latest round was led by CR Capital Group's CR Data Fund.

On-demand ride provider Grab's financial services offshoot has secured the funding in a round led by Hanwha's Asset Management unit.

The Fosun and TAL Education-backed parenting app developer has secured $38.6m from two China-based venture capital firms.

The VR and AR technology developer, which was spun off by iQiyi, has closed an eight-figure series B round co-led by Yitang Changhou Fund and Fresh Capital.

The Aegon-backed loan and insurance comparison platform will shut down after raising $97m in the past two years.

Tencent was among the investors that added $280m to the business e-commerce marketplace's series D round, valuing it at $3.1bn.